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April 15, 2013
Mitsubishi Gas Chemical (MGC) and Mitsubishi Corp. say they are in the final stages of an agreement with the government of Trinidad and Tobago and local partner, Neal & Massy...
http://www.chemweek.com/regions/north_america/Japanese-firms-confirm-plans-for-petchem-project-in-Trinidad-and-Tobago_51137.html
April 15, 2013
Apollo Management says it plans to sell 15.8 million shares, roughly a 24% stake, in amines producer Taminco as part of a planned initial public offering (IPO). The offering is being...
http://www.chemweek.com/regions/north_america/Taminco-seeks-to-raise-$300-million-from-IPO_51110.html
April 15, 2013
Cytec has closed the $1.15-billion sale of its coating resins business to private equity firm Advent International (New York). The deal, which was announced in October, completed a...
http://www.chemweek.com/regions/north_america/Cytec-closes-sale-of-coating-resins-business-to-private-equity-firm_51117.html
April 15, 2013
Huntsman CEO Peter Huntsman says the company will continue its push downstream to “derivatize” more of its output while expanding in the United States to take advantage of competitive natural gas prices....
http://www.chemweek.com/regions/north_america/Huntsman-continues-downstream-push-US-investment-builds-as-gas-costs-drop_51142.html
April 15, 2013
Longtime Toxic Substances Control Act (TSCA)–reform advocate Senator Frank Lautenberg (D., NJ) last week reintroduced the Safe Chemicals Act, the latest version of a bill aimed...
http://www.chemweek.com/regions/north_america/Lautenberg-reintroduces-Safe-Chemicals-Act-ACC-expects-more-industry-friendly-bill-soon_51129.html
April 15, 2013
W. R. Grace says it has acquired Chemind Construction Products (Brisbane, Australia), a privately held specialty manufacturer and distributor of waterproofing coatings technologies and...
http://www.chemweek.com/regions/north_america/Grace-buys-Chemind_51128.html
April 15, 2013
Evonik in North America is traveling around the United States to display its Wind Explorer 200-lb lightweight electric vehicle after recently completing a nearly 3,000-mile trip across...
http://www.chemweek.com/regions/north_america/-debuts-electric-car_51127.html
April 15, 2013
Evonik Industries has named John Rolando president of its North American subsidiary Evonik Corp. Rolando has been with the company for over 25 years and most recently served as...
http://www.chemweek.com/regions/north_america/Evonik-names-NA-head-_51126.html
April 15, 2013
Nippon Sheet Glass (NSG; Tokyo) has sold its 6.25% stake in FMC Wyoming, which contains most of FMC’s soda ash and alkali operations, back to FMC for $80 million, NSG says...
http://www.chemweek.com/regions/north_america/NSG-exits-FMC-soda-ash_51125.html
April 15, 2013
PPG has acquired Deft (Irvine, CA), a maker of aerospace coatings, including structural primers and military topcoats, the company says. Financial details of the deal, including...
http://www.chemweek.com/regions/north_america/PPG-acquires-maker-of-aerospace-coatings_51123.html
April 15, 2013
Kuraray broke ground on a greenfield polyvinyl alcohol (PVOH) plant located at La Porte, TX, on 11 April, the company says. The plant will have a production capacity of over 40,000...
http://www.chemweek.com/regions/north_america/Kuraray-breaks-ground-on-PVOH-plant_51122.html
April 15, 2013
Air Liquide says it has begun commercial production at the second of two nitrogen liquefiers at the company’s Cleburne, TX, facility. The second liquefier will enable Air Liquide...
http://www.chemweek.com/regions/north_america/Air-Liquide-starts-second-nitrogen-liquefier-at-TX-site_51121.html
April 15, 2013
In a bid to beat the crowd of ethane cracker projects destined for the United States, Sasol has ordered the main ethylene compressor trains of its Lake Charles, LA, $5–7-billion...
http://www.chemweek.com/regions/north_america/Sasol-orders-compressors-licenses-process-technology_51120.html
April 15, 2013
Dow AgroSciences and Monsanto say they have signed royalty-bearing agreements to cross license corn trait technology for weed and insect management. The agreement paves the way for...
http://www.chemweek.com/regions/north_america/Monsanto-licenses-Dows-Enlist-corn-trait_51119.html
April 15, 2013
Ferro sold its pharmaceuticals business, increased its earnings guidance, and issued a letter to shareholders, while A. Schulman fell short of estimates and amended CEO Joseph Gingo’s contract to extend it in the event of a “transformational acquisition” as the companies hunkered down for the next stage in Schulman’s $855-million hostile bid for Ferro. Gingo’s revised contract provides for a two-year extension, and Schulman specifically mentioned Ferro as the kind of deal that could trigger the extension....
http://www.chemweek.com/regions/north_america/Schulman-Ferro-prepare-for-next-stage-in-bid-proxy-fight_51118.html
April 15, 2013
Gasoline production and naphtha cracking have historically supplied a reliable stream of aromatics to the US market, but changing feedslates, government mandates, and consumer...
http://www.chemweek.com/regions/north_america/Tightening-aromatics-present-new-opportunities-for-refiners_51108.html
April 15, 2013
American Vanguard (Amvac) says it has acquired a 29.46% stake TyraTech, a Morrisville, NC-based developer of insecticides based on essential oils, for $3.7...
http://www.chemweek.com/regions/north_america/Amvac-invests-in-TyraTech_51093.html
April 15, 2013
Kinder Morgan Energy Partners (KMP) has announced plans to invest approximately $58 million to expand chemical storage capacity. The sum includes construction of methanol storage...
http://www.chemweek.com/regions/north_america/Kinder-Morgan-invests-$58-million-in-methanol-storage-terminal-buy_51078.html
April 15, 2013
Monsanto raised its earnings outlook for its fiscal year ending 31 August as expanded corn acres in Brazil and increased sales of advanced corn seeds in the United States drove...
http://www.chemweek.com/regions/north_america/Monsanto-tops-estimates-raises-2013-earnings-outlook_51077.html
April 15, 2013
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Retail trade down 0.4%; down 2.8% year-on-year (YOY)...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-12-April-2013_51182.html
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